It lowers rates for personal and commercial finance customers
Specialist lender Together has reduced interest rates on the majority of its fixed rate products.
The lender’s personal finance customers can benefit from a decrease of 10 basis points (bps) on the two-year fixed rate range across first and second charge mortgages, as well as first and second charge consumer buy-to-let (CBTL) loans.
Five-year fixed rates were slashed by 40bps in first charge and CBTL first charge loans, and by 25bps for second charge and CBTL second charge loans.
For unregulated buy-to-let loans, there will also be a 20bps decrease to both two- and five-year fixed rate products.
📉  News: We have reduced some of our Personal and Commercial Finance rates.
— Together (@Together_Money) August 11, 2023
For our personal finance customers, there will be a 10bps decrease to the two-year fixed rate range across first and second charge mortgages, as well as first and second charge consumer buy-to-let… pic.twitter.com/Lql8KrVFfN
The lender implemented a 25bps increase to variable first and second charge loans, CBTL first charge and CBTL second charge loans for personal finance customers. Commercial customers will also find a 25bps increase to buy-to-let and commercial term variable rate products.
Together has also announced that, despite current economic issues, it would not raise rates on any of its bridging products.
“Together remains committed to achieving the best outcomes for all our customers,” stated Marc Goldberg (pictured), chief executive of sales and distribution at Together. “We are pleased to be able to reduce rates on the majority of our fixed products.
“Of particular importance is the decision to keep our rates on bridging finance the same. We are keen to support our customers and partners in any way we can, and by choosing to absorb costs like this, we hope it shows that commitment, helping them achieve their outcomes.
“We all face uncertain times, with the economy in constant flux, and so to be able to reduce our rates on many products is a huge positive. These changes demonstrate our dedication to remaining a leading specialist lender in the market.”
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